Industries > Healthcare > Healthcare Provider
Growing service demands, thin operating margins, changing regulatory landscape and intense competition continue to challenge Hospitals, Providers and Health Systems. Ineffective revenue cycle management can cost a hospital up to three percent of annual net revenues. With the current trend of high deductible health plans, the ability for the healthcare provider to accurately estimate the patient portion of billable charges has an impact on receivables. Compliance & internal controls play a vital part in reducing the risk associated with heightened scrutiny from governmental bodies challenging the Medicare and Medicaid coding and billing practices of health care providers.
Rising healthcare costs coupled with the possibility of 10.6% cut in claims payouts by Center for Medicare and Medicaid Servicers "CMS" post 2009 pose challenges to the Healthcare industry to cut cost, increase revenue and stay profitable. Rising healthcare costs have resulted in focus on preventive care and disease management. Providers are now facing new challenges of manpower management, shortage of skilled resources, reporting and implementing management programs.
For Healthcare Providers, iSpace provides the following suite of services:
- Revenue Cycle Management Services
- Clinical Analytics
- Physician Profiling
- Cost Analytics